Facebook to Launch it’s Crypto currency Next Year

According to the report of BBC on Friday, The Socialmedia Giant Facebook bas been in contact with US and British Financial regulators with a view to launching it’s own cryptocurrency next year.

The broadcaster said on it’s website that Global Coin, would work with a new digital payments system in about a dozen countries, starting in the first quarter of 2020.

Facebook’s currency would be “stablecoin”, a digital unit pegged to the dollar in contrast to more anarchic means of virtual payment such as bitcoin, according to earlier reporting by Bloomberg and the Wall Street Journal among others.

Facebook chief Mark Zuckerberg has said that adding e-commerce is the logical evolution of the company’s advertising-based business model.